How Tesla Lost $900 Billion

Being the CEO of a company can be a demanding job so for Elon Musk to be in that position for three different companies is quite the undertaking. Twitter, SpaceX, and Tesla are all run by Musk and as of right now Tesla is not being run very well. Tesla stock has recently plummeted by $900 billion dollars. How can one of the most dependable stocks for the past few years fall so far?

A lot of speculation and blame is directed toward the Twitter acquisition. Musk even sold some of his own Tesla stock in order to finance the Twitter takeover. Investors do not like seeing the CEO of a company selling off their own stocks: that typically isn’t a good sign. It doesn’t help that ever since Musk acquired Twitter he has been the subject of bad headline after bad headline. Can investors trust that his focus is in the right place right now?

Elon Musk needs to straighten out his priorities if he doesn’t want to scare away any stock holders. He did claim that he would step down as Twitter CEO but only after he found someone suitable to take over and right now it seems like anyone would be more suitable. As long as he is distracted the Tesla stock will suffer. Hopefully he can turn things around soon. What do you think about the current state of Tesla stock? Do you think it has fallen as far as it can? Let know in the comments and thank you for watching!

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Written by: Nathan Council
Narrated by: Nathan Council
Edited by: Federico Rossi

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CHAPTERS:
Intro 00:00
Can Investors Trust Elon Musk? 00:12
Covid-19 Effects On The Market 01:25
Problems At Twitter 02:25
Unable To Meet Goals 04:03
Outro 04:48

#elonmusk #richest #telsastock #tesla #therichest